Budgetary Control in Procure To Pay
Budgetary Control in Procure To Pay
Budgetary Control in Procure To Pay
Budgetary Controls
Allows the organization to monitor and control expense commitment transactions entered against a project by checking available funds
Project-related purchase requisitions and purchase orders entered in Oracle PO Supplier invoices entered in Oracle Payables Expenditure adjustments in Oracle Projects
Significant additional capabilities than available from Transaction Control Client Extension Exceptions include expense reports, time sheets, inventory purchases, and usage costs.
Purchasing
Payables
General Ledger
Funds Check
Funding Budget
Encumbrance Journals
Purchasing
Payables
Funds Check & Encumbrances Invoice Costs
General Ledger
Encumbrance Transactions
Budgetary Controls
Prerequisites
Must enable budgetary controls in Oracle General Ledger Must enable encumbrance accounting in General Ledger and Oracle Payables (for TopDown Budgeting only) Must apply General Ledger patches 1995914 and 2002508
Set by Project Type, but can be overridden in Templates and Projects, if desired.
Option may be set to manually override the budget account assigned in Project Budget Account Workflow
Summary
Closes the budgetary control loop for project and nonproject organization level budgets Provides automated funds checking to prevent approval of requisitions, purchase orders, or invoices that exceed defined project budget limits Can customize workflow to provide notifications and other actions where budget amounts are exceeded Provides a central repository of project and non-project budgets in Oracle General Ledger Easy setup, but requires additional projects user training on new budget integration procedures and additional training for General Ledger, Payables, and Purchasing users for funds checking business rules.
Locking Down Project Level Budgets Throughout the Entire Procure-To-Pay Cycle
Q U E S T I O N S A N S W E R S
Contact Information:
Julian Kozicki Managing Director Great Projects Atlanta GA E-mail: jpkozicki@gr8projects.com Phone: 770-739-6810